XN000022-1973-03-28 — Page 20

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Wednesday, March 28, 1973

economy."

"Such a rate," he said, "would create intolerable stresses in the

Mr. Jordan said that because we are calculating the percentage each

year on the higher base figure achieved the previous year, emphasis on the

percentage rate masks the actual increases."

Last year, the reduced percentage increases masked the fact that

for the first time in the past four years, the increase in the dollar value

of Hong Kong's exports was higher than in the previous year, he added.

Commenting on trading prospects, Mr. Jordan said his department would

"continue its efforts to protect our access to our markets, while the Trade

Development Council has an ambitious programme of trade promotion activities."

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